Ferrexpo (LON:FXPO) Stock Price Up 20.1% – What’s Next?
by Danessa Lincoln · The Markets DailyFerrexpo plc (LON:FXPO – Get Free Report) shares shot up 20.1% during trading on Thursday . The company traded as high as GBX 84.04 and last traded at GBX 83.20. 10,532,125 shares traded hands during trading, an increase of 330% from the average session volume of 2,447,480 shares. The stock had previously closed at GBX 69.30.
Wall Street Analysts Forecast Growth
Separately, Peel Hunt reissued a “hold” rating and set a GBX 53 target price on shares of Ferrexpo in a research note on Monday, November 10th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Ferrexpo has an average rating of “Hold” and a consensus target price of GBX 53.
View Our Latest Analysis on FXPO
Ferrexpo Trading Up 20.1%
The firm has a 50 day moving average price of GBX 69.05 and a two-hundred day moving average price of GBX 58.39. The firm has a market capitalization of £489.55 million, a P/E ratio of -1.62, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11.
Ferrexpo Company Profile
Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a premium listing on the London Stock Exchange in the FTSE 250 index (ticker FXPO). The Group produces high grade iron ore pellets, which are a premium product for the global steel industry and enable reduced carbon emissions and increased productivity for steelmakers when the Group’s iron ore pellets are converted into steel, compared to more commonly traded forms of iron ore.
Ferrexpo’s operations have been supplying the global steel industry for over 50 years, and in 2022 the Group produced 6.1 million tonnes of iron ore pellets, despite the war in Ukraine.